Probate and Estates

Ancillary Probate

By Burner Law Group, P.C. / November 4, 2015 / 0 Comments

Question: My father is a resident of Florida and owns a condominium and several financial accounts in his sole name. He also owns a summer home in New York that is titled in his sole name. If he were to pass away, what is the procedure to transfer the New York home after his death? […]

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Credit Card Debts of a Decedent

By Burner Law Group, P.C. / September 9, 2015 / 0 Comments

Q: My father passed away with significant credit card debt, as the executor and one of the beneficiaries his estate am I responsible to pay these bills? A: As executor of your father’s estate you have the responsibility to pay his debts from estate assets. Assets that are includible in the estate are ones that […]

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Consenting to the Probate of a Will

By Burner Law Group, P.C. / June 17, 2015 / 0 Comments

Question: My aunt recently passed away and I received something in the mail from an attorney’s office called a “Waiver of Process; Consent to Probate”, what does this form mean? Answer: You received this document because the nominated Executor is trying to “probate” your aunt’s Will.  Probating a Will means that the nominated Executor is submitting a […]

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New York State Estate Tax Update

By Burner Law Group, P.C. / June 16, 2015 / 0 Comments

The New York State Estate Tax exclusion amount has increased again as of April 1, 2015 to $3,125,000.00. This is an increase from the $2,062,500 exclusion amount which was in effect from April 1, 2014 to March 31, 2015.  The exclusion will continue to increase each April 1st in the years 2016 and 2017. On […]

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Taxation of a Decedent

By Burner Law Group, P.C. / April 8, 2015 / 0 Comments

Question:  I want to know what taxes will be owed on my mother’s Estate.  I am her Executor and she died on April 2, 2015.  She left an IRA worth $100,000.00 and a house worth $250,000.00 that was purchased many years ago for $20,000.00.  I am so confused with regard to income taxes, estate taxes […]

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Taxation of a Decedent

By Burner Law Group, P.C. / January 5, 2015 / 0 Comments

Q: My brother passed away in September 2014, and I was recently appointed Executor of his estate.  I have started to get 1099s for his various financial accounts. I know that tax season is right around the corner and I have to file tax returns, but am not sure what returns need to be filed […]

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Consenting to a Probate of a Will

By Burner Law Group, P.C. / December 16, 2014 / 0 Comments

Question: My mother recently passed away and I received something in the mail from an attorney’s office called a “Waiver of Process; Consent to Probate”, what does this document mean? Answer: You received this document because the nominated Executor is trying to “probate” your mother’s Will.  Probating a Will means that the nominated Executor is […]

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Credit Card Debts of a Decedent

By Burner Law Group, P.C. / June 27, 2014 / 0 Comments

Q: My mother passed away with significant credit card debt, as the executor and one of the beneficiaries her estate am I responsible to pay these bills? A: As executor of your mother’s estate you have the responsibility to use the assets of your mother’s estate to pay her debts. Assets that are includible in […]

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New NY Estate Tax Law

By Burner Law Group, P.C. / April 21, 2014 / 0 Comments

New York’s Estate Tax law has just seen its most dramatic change in recent memory. Finally, the exemption has increased from $1,000,000.00 where it has remained since 2002, with the exemption set to increase annually until it matches the federal estate tax exemption in 2019. After 2019, the exemption will be indexed for inflation annually […]

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Ancillary Probate Proceedings

By Burner Law Group, P.C. / March 12, 2014 / 0 Comments

  Question:  My mother is a resident of Virginia.  She owns a condominium in Virginia and has several bank accounts in her sole name. She also owns a summer home in Westhampton that is titled in her sole name.  When she passes away, what is the procedure to transfer her Westhampton home to the beneficiaries […]

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